The Yield Lab Europe has announced almost €50 million at second close for its sustainable agrifoodtech venture capital fund, investing in seed- to Series A-stage companies in Europe. They will also open an office on Wageningen Campus as part of a new partnership with StartLife. The Yield Lab Europe will be investor-in-residence with StartLife and actively investing in European agrifoodtech startups.
The Yield Lab Europe and StartLife have joined forces to collectively help promising agrifoodtech startups to scale and commercialize internationally. Investments will be made in startups with technologies that improve the environmental and carbon footprint of the food and agriculture industries, to support the vision and implementation of the European Green Deal and the European Commission’s Farm to Fork Strategy.
Decarbonizing agriculture and food
Commenting on the fund close, Chairman Paul Finnerty said: “We believe that zero-carbon agriculture and food production is a tremendous opportunity and can be achieved by 2040. We have invested and will continue to invest in technologies to enable this transition, to position European agriculture as a global leader in decarbonizing agriculture and food.”
With their mutual interest in achieving a sustainable food system, Jan Meiling, managing director of StartLife, wholeheartedly welcomes The Yield Lab Europe to StartLife’s startup community and hub on Wageningen Campus.
“We look forward to working together and exploiting synergies of our shared competencies and resources.”
Jan Meiling: “We look forward to working together and exploiting synergies of our shared competencies and resources. With StartLife providing business development support, coaching and access to a global network in food & agri. And The Yield Lab adding their funding power and of course their own global network and expertise.”
In the heart of Food valley
Nicky Deasy and David Bowles, managing partners of The Yield Lab Europe, said: “We have known StartLife for quite some time already and are impressed with the quality of their business support to startups and their ability to scout and attract some of the best agrifoodtech startups in Europe.
“We look forward to opening an office in the heart of Food valley”
“We look forward to opening an office next to StartLife, in the heart of Food valley and home of Wageningen University & Research, a globally recognized leader in agrifoodtech innovation and sustainability.”
Lin Zhu, investor relations manager at StartLife, adds “We are open for business, so please contact StartLife if you are interested in raising smart capital, thus funding, expertise and network.”
About Yield Lab Europe
Yield Lab Europe is a leading funder of early stage agrifood and agtech companies that revolutionize agriculture and food systems seeking to sustainably feed the world. Yield Lab Europe provides venture capital funding up to two million euro per company. In addition to providing capital, it provides access to a global network of experts, corporates and investors to enable companies to successfully grow and commercialize internationally.
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